bilo2000

Fake Bull trap reversals across the board

BITFINEX:XRPUSD   Ripple幣 / 美元
We are seeing lots of reversals across the board with doji candles making it seem like the crypto market is suddenly about to turn all around and go back up. Be veeeeery careful of bull trappers. They are the real pros and their goal is to make you panic, buy high and sell low. This is a very clear bear market and it will not just come to a screeching halt. Like one of the best traders out there (@MagicPoopCannon) always says " The trend is your friend". Follow this guy if you really want to learn something about chart analysis.

PS. Not trying to show anything on the chart other than the example of what could seem to be a sudden reversal but I think its a fake bulltrap.

Good luck to all.
or a bear trap ? :)
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@Zigh72, :)
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